-The Hindu Instead of focusing on increasing rural wages, the BJP-led government is wasting resources on the NPR and NRC The National Population Register (NPR) and a possible National Register of Citizens (NRC), which will unleash a humanitarian crisis, are being pushed at a time when rural distress is acute. With the Budget due soon, let’s look at how the BJP-led government has served the interests of the rural poor. A grim picture The...
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Ex-Chief Statistician Pronab Sen: For data credibility, need to fix calendar for its release -Aanchal Magazine & Anil Sasi
-The Indian Express As of now, the government does have a calender for release of data sets such as national accounts, Index of Industrial Production and inflation. But there are no specific timeline for release of labour force statistics and Consumption Expenditure surveys. Putting in place a release calendar for all official economic data sets and ensuring their timely release is key to restoring the credibility of India’s statistics, according to Pronab...
More »With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak
-The Indian Express To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day. That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to...
More »Reality check: on govt projecting slower GDP growth
-The Hindu Misplaced optimism needs to cede ground to tangible policy interventions The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India’s sharp downward revision last month in its...
More »It's official: GDP rate seen slumping to 5% -Aanchal Magazine
-The Indian Express Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year. WITH A sharp slowdown in manufacturing and construction, and the only major support coming from government expenditure, the Gross Domestic Product (GDP) growth rate is seen slumping to 5.0 per cent, the...
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